I completely fail to see the point of your first example. Obviously if the amount you bet is so insignificant that you’re literally indifferent between winning the money or losing it, then the bet doesn’t hedge anything. But who cares, and why have a table to work that out?
I completely fail to see the point of your first example. Obviously if the amount you bet is so insignificant that you’re literally indifferent between winning the money or losing it, then the bet doesn’t hedge anything. But who cares, and why have a table to work that out?